February 19, 2016 archive

Economist Offers “Bleak” Picture for Oklahoma’s Oil and Gas Industry

The atmosphere in some senses was not optimistic nor hopeful at the recent Mid-Continent Digital Oilfield Conference held in Tulsa by the organization called Sustaining Oklahoma’s Energy Resources. Just how bad was it? Some conferees were walking arou…

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Rig Count Makes ‘Free Fall” in U.S. while Oklahoma Slips by 3 more

The oil and gas rig counts seem to be in a weekly free fall as energy prices struggle to stay either in the upper 20-dollar range or the low 30s as figures from Baker Hughes showed a U.S. loss of 27 more rigs while Oklahoma’s loss totaled three in the …

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Leaking California Gas Well Plugged—-Thousands Return Home after Months

After months of being out of their homes because of a leaking natural gas storage well on the outskirts of Los Angeles, residents have returned home and the well was permanently sealed and shut down on Friday, California officials said.
Southern…

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Leaking California Gas Well Plugged—-Thousands Return Home after Months

After months of being out of their homes because of a leaking natural gas storage well on the outskirts of Los Angeles, residents have returned home and the well was permanently sealed and shut down on Friday, California officials said.
Southern Calif…

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Enable Wraps up Deal with CenterPoint Energy

Oklahoma City-based Enable Midstream Partners, LP says it has closed the previously announced private placement with CenterPoint Energy, Inc.
The deal involved a $363 million purchase by CenterPoint Energy of 10 percent Series A Fixed-to-Floatin…

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Enable Wraps up Deal with CenterPoint Energy

Oklahoma City-based Enable Midstream Partners, LP says it has closed the previously announced private placement with CenterPoint Energy, Inc.
The deal involved a $363 million purchase by CenterPoint Energy of 10 percent Series A Fixed-to-Floating Non-…

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Fitch Ratings Downgrade Hits Two More Texas Energy Companies

Among the latest energy companies to be hit with a downgrading by Fitch Ratings are Energy XXI LTD and Energy XXI Gulf Coast, Inc. of Houston, Texas. Both were downgraded this week to ‘C’ following the non-payment of $8.8 million in interest due …

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Fitch Ratings Downgrade Hits Two More Texas Energy Companies

Among the latest energy companies to be hit with a downgrading by Fitch Ratings are Energy XXI LTD and Energy XXI Gulf Coast, Inc. of Houston, Texas. Both were downgraded this week to ‘C’ following the non-payment of $8.8 million in interest due Feb. 1…

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Williams Cos. Express Confidence in Chesapeake Energy Despite Downturn Challenges

While Chesapeake Energy has been in the midst of trying to resolve its growing financial problems and speculation mounts whether it will file bankruptcy, the subject has the attention of Williams Cos. which released its earnings report in recent days. …

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Williams Cos. Express Confidence in Chesapeake Energy Despite Downturn Challenges

While Chesapeake Energy has been in the midst of trying to resolve its growing financial problems and speculation mounts whether it will file bankruptcy, the subject has the attention of Williams Cos. which released its earnings report in recent …

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